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Pure Pearls Glossary

Know exactly what you are buying

300 pearl and jewellery terms, each one linked to a piece you can hold.

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Buying & Value

1–17 of 17

Buyback

What a jeweller will pay to take a piece back. Almost always based on metal content alone.

Certification Labs

Independent gemmological laboratories that identify and grade stones and pearls. The name on the report is what gives it weight.

Digital Gold

Buying gold by value rather than by piece, held in a vault on your behalf and redeemable in coins or jewellery.

Fixed Price

One price for the finished piece, with no separate metal, labour and tax lines. Standard for pearl and fashion jewellery.

Gold Rate

The day's price of gold per gram at a stated purity. The base every gold bill is built on.

Gold Savings Scheme

A monthly instalment plan run by a jeweller, redeemed against jewellery, often with a bonus instalment at the end.

GST on Jewellery

Goods and Services Tax on jewellery in India: 3% on the value of the piece, plus 5% on making charges.

Hank

The wholesale unit for loose pearls: several temporarily strung strands tied together, usually ten to a hank.

Karigar

The craftsman who actually makes the jewellery, usually working for the jeweller rather than for the customer.

Making Charges

What you pay for craftsmanship on top of the metal, charged either per gram or as a percentage.

Parcel

A quantity of loose stones sold together, folded into a paper, priced as a group rather than individually.

Per Gram Pricing

Pricing a piece on what it weighs, at the day's rate for its purity, plus labour. The traditional gold model.

Ratti

The traditional Indian unit for gemstone weight, taken in today's trade as about 0.91 carat, or roughly 180 milligrams.

Resale Value

What a piece fetches when sold on. For most jewellery it is the metal value, with the craftsmanship written off.

Tola

A traditional South Asian weight, about 11.66 grams. Still used in conversation, rarely on the bill.

Valuation

An independent written assessment of what a piece is worth, usually for insurance rather than for sale.

Wastage

An extra percentage added to the gold weight to cover metal lost during manufacture. Often charged even when no metal is lost.

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